The research purpose is to analyze the effect of
profitability, leverage, liquidity, operating capacity on
Altman Z Score Method. The population in this study are
construction companies listed on the Indonesia Stock
Exchange for the 2015-2019 period. The research data is
secondary data with an observation period of 5 years. The
sampling method used is purposive sampling, where from
all construction companies listed on the Indonesia Stock
Exchange 14 companies that report their financial
statements during the study period are taken. The data
analysis method used is Fixed Effect Model panel data
regression. The results of this study indicate that the
leverage has a significant negative effect and the
profitability, liquidity, operating capacity has a
significant positive effect on Altman Z Score Model.
Keywords : Profitability, Leverage, Liquidity, Operating Capacity and Altman Z Score Method.